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133 S View Trail Abilene, TX 79602

4 Beds 2 Baths 2,389 sqft Built 1996

$369,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $154.83
  • 2 Days on Market
  • MLS # : 14462688
  • Updated Date : 11/07/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

A COUNTRY FEEL less than 10 minutes from SHOPPING & RESTAURANTS GALORE. This BRICK 1 STORY 4 bed 2 bath home is situated on 5 ACRES with STUNNING MORNING VIEWS of what we LOVINGLY call THE MOUNTAIN. Lg CIRCLE Dr & TREES GREET YOU as you DRIVE UP to the home. Once you enter you are INVITED into a Lg Living & formal dining area with TALL CEILINGS, Crown Molding & a Wood-Burning Fireplace. LG MASTER & VAULTED CEILINGS. Bathroom has SPLIT VANITIES, SEP TUB & TILED SHOWER. The other 3 bedrooms & bath are located on the other side of the home. 2nd Bath has NEW TILE FLOORS, LOTS of STORAGE, DOUBLE SINKS & a separate shower & toilet. The COVERED PATIO faces the MOUNTAIN VIEW so COME SEE what you’ve BEEN MISSING!

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MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 79602

ZipNIR Market*CityMarket2010Year2005 Q3201970k80k90k100k110k120k130k140k150k160k170k180kPrice in $66k189k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 79602

ZipNIR Market*CityMarket2015Year20112019 Q28509009501000105011001150120012501300Rent in $8171309

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wylie Intermediate School Primary Regular 618 34 8
Wylie Junior High School Middle Regular 625 37 9
Wylie High School High Regular 1,026 67 8

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie Junior High School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 37
9
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,365
Property Tax -$796
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$464

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$49

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,960

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,8953$1,9604$2,300
$2,300
RENT COMPS ANALYSIS
  • 133 S View Trail Abilene, TX 3
    • 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.82
    •  
  • 935 Bacacita Farms Road Abilene, TX 1
    • 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1981
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.60
    •  
  • 108 Avenida De Baca Abilene, TX 2
    • 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 1976
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 182 Purple Sage Road Abilene, TX 4
    • 3 beds 2 baths ∙ 2,536 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,536 Sqft ∙ Built 1980
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brandi Sitter
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462688
Last Updated: 11/07/2020
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